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Exchange rate variance is coming in the accounting entry of accounts payable

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Summary:

The PO was created on 8th January in USD currency. The Conversion Rate Type as Corporate and conversion rate on 8th January was 7.812700200442636. In Both PO and AP invoice conversion rate is coming as 7.812700200442636. The GL exchange rate on 8th January was 7.09510002459161.


Because PO and Invoice exchange rate is different from GL exchange rate. So, exchange rate variance is coming in accounting entry of invoice

Note: PO creation, receiving of PO and invoicing all has been completed on 8th January only.

Why PO and invoice exchange rate are different from GL rate?

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